Einhorn Changes Mind On Consol Energy

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Rupert Hargreaves
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When David Einhorn’s Greenlight Capital initiated a position in Consol Energy last year, many in the financial press instantly branded the trade a bad idea. Then, when Einhorn updated his thesis on Consol back in November, he drew, even more, criticism as the stock was down by around 70% from Greenlight’s initial entry price. David Einhorn, Greenlight Capital at Sohn 2016 [LIVE] Einhorn blamed this decline on the fact that investors continued to associate with Consol as a coal producer without taking into consideration the group’s high-quality gas portfolio — a 446,000-net-acre position in the Marcellus shale, and another 109,000…

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Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk